The size and nature of a firm's investment in current assets is a function of a number of different factors including all of the following except:

A) how efficiently the firm manages its fixed assets.
B) the length of the cash conversion.
C) the sales level.
D) credit policies.

Fixed Assets Management

Fixed assets management involves the accounting and management practices related to the selection, maintenance, inspection, and disposal of fixed assets to maximize their efficiency and value to the business.

Cash Conversion

The process of turning physical goods, services, or other assets into cash, often measuring the efficiency of a company in generating revenue.

Credit Policies

Guidelines set by businesses to determine the terms and conditions for extending credit to customers.